Closer to Brexit, the domestic market will mirror which way the Brexit vote is swinging to," said Chakri Lokapriya, CIO & MD at TCG Advisory. "If the Brexit vote goes through, Indian businesses that tap the UK market are unlikely to face many challenges. A number of Indian companies, including IT services and pharma companies, use the UK as a hub to gain access to and expand in the rest of Europe. "Brexit clearly creates a whole lot of uncertainty for various Indian companies exporting not only to the UK but also to EU. The GDP for the region grew at 1.2-1.3 per cent and that growth has not been uniform across countries.

Source: Economic Times June 13, 2016 07:54 UTC